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Columbus Business First
How a former Fast 50 is recalibrating after revenue dropped by half
When Covid-19 first broke out, Eleanor Alvarez remembers the calls from the nursing facilities and assisted-living centers working with her company, the healthcare recruiting and consulting firm LeaderStat. <\p> "A lot of our clients called us and said, 'Oh my gosh, we need help,'" Alvarez, founder and CEO, told Columbus Business First. "We said, 'OK, we're here to serve.'"<\p>
Why this global company acquired a Columbus startup
Executives from global email security company Mimecast and Columbus startup Aware watched the Columbus Crew defeat Inter Miami CF on Tuesday at Lower.com field. The next day they would announce a win for Central Ohio's tech industry. <\p> UK-based Mimecast acquired Aware for undisclosed terms, and plans to grow the local office. The cybersecurity startup making AI software for workplace collaboration platforms joins a list of local companies that have stayed and grown post-acquisition.<\p>
Rx tech startup has big plans in Columbus
Tech-enabled pharmacy Gifthealth plans to to add 751 jobs at a new distribution on the west side of Columbus to fulfill a recent drug delivery contract, according to the state.<\p> The expansion to distribute a newly launched pharmaceutical will add $56.4 million in payroll over the next three years to a baseline of 50 jobs with $4.2 million in payroll, according to the state Department of Development. <\p>
The Weekly Rundown: Wexner gets windfall from investment in AI
Central Ohio’s richest man is getting a lot richer thanks to AI. <\p> According to Forbes, Les Wexner made a $1 million investment in 2019 in an artificial intelligence startup that became “AI cloud juggernaut” CoreWeave. <\p>
Huntington expanding its presence in the Carolinas
Huntington National Bank (NASDAQ: HBAN) has been expanding its footprint in the Carolinas and next year will open its first wealth management in the region.<\p> The full-service office is slated to open in Charlotte, North Carolina in early 2025, a Huntington spokesperson told Charlotte Business Journal. Fifth Third Bancorp (NASDAQ: FITB) previously occupied the space until earlier this year. <\p>
Cardinal Health projects big 2025 after record year
Cardinal Health Inc. announced its ninth consecutive year of record revenue and raised its profit projection for the fiscal year that's underway.<\p> The Dublin healthcare giant Wednesday also announced a new five-year contract with grocery chain Publix. In addition, Cardinal reiterated its commitment to the embattled medical supply division, which made a $240 million turnaround to profit from net loss.<\p>
Here's what will replace Local Cantina in the Short North
A former Short North taco joint will be filled by one of Columbus’ most prominent names in Mexican food.<\p> El Vaquero Mexican Restaurant is taking over the space at 600 N. High St. that most recently was a Local Cantina. <\p>
Roofing company moving its Central Ohio HQ
Burns & Scalo has started construction on its new Central Ohio headquarters. <\p> The roofing and sheet metal contractor is investing $8.7 million to construct a 34,500-square-foot building on an 8.5-acre parcel off Tech Center Drive in Gahanna. It will move from its current regional headquarters on London Road in Delaware when the project is complete in the first quarter of 2025.<\p>
How much weed Ohioans bought the first week of rec sales
Ohioans bought more than twice as much marijuana in the first week of recreational sales than a typical week.<\p> Sales totaled $19.9 million for the five days from Aug. 6-10 – including $11.5 million bought by adults without a medical certification, according to the state Division of Cannabis Control. Lines had stretched out the door of some stores on the first days.<\p>
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